Energy

Energy

EKEDC assures reliable electricity supply, signs conditions of service with workers

By Olatunde Dodondawa The Eko Electricity Distribution Company Plc (EKEDC) has assured electricity consumers within its network of safety and reliable supply. Mr Adeoye Fadeyibi, the Chief Execultive Officer, of the company gave the assurance during the signing of workers conditions of service with the National Union not Electricity Employees […]

Energy

Why NNPC needs more reforms-NNRC

The Nigerian National Petroleum Corporation (NNPC) has introduced series of reforms aimed at boosting the public’s perspective from being an opaque business entity to a more transparent business entity. In this report, OLATUNDE DODONDAWA examines why the Nigerian Natural Resource Charter (NNRC) said, in its latest Benchmarking Exercise Report (2017 […]

Energy

Total starts up production on Egina field

T Total has started up production on December 29, 2018 from the Egina field, located in around 1,600 meters of water depths, 150 kilometers off the coast of Nigeria. At peak, the Egina field will produce 200,000 barrels of oil per day, which represents about 10 per cent of Nigeria’s […]

Energy

WAPCo invests over N400m in youth empowerment scheme

= West African Gas Pipeline Company (WAPCo) said it has invested over N 400million in youth development scheme within its host communities to boost capacity development. Speaking at a handover ceremony of kits to beneficiaries, on Tuesday in Lagos, Mrs Harriet Wereko-Brobby, the General Manager, Corporate Affairs, WAPCo, stated that […]

Oil Prices Stable as US Sanctions Against Iran Nears
Energy

NNPC warns Nigerians against panic buying

 The Nigerian National Petroleum Corporation (NNPC) has assured petroleum products consumers across the country not to engage in panic buying as it holds 2.6billion litresof Premium Motor Spirit otherwise called petrol and 90,000 metric tonnes of Dual Purpose Kerosene (Kerosene), saying the holding is expected to last 52 days, assuming […]

Renewable, REA
Energy

FG pursues 30% renewable in energy mix through NEP

By Olatunde Dodondawa Federal Government is pursuing its 30 per cent target of renewables in energy mix through the Rural Electrification Agency’s (REA) Nigeria Electrification Project (NEP). Presently, Nigeria’s energy mix stands at grid power of gas-fired power (85 per cent), hydropower (13 per cent) while renewable 2 per cent. […]

Energy

40bbls target in reserve by year 2020 not feasible – NAPE boss

The President of Nigerian Association of Petroleum Explorationists (NAPE), Dr. Andrew Ejayeriese, has stated that claims by the federal government to achieve 40 billion barrels in reserves by the year 2020 are not feasible. The Federal Government, through the Nigeria National Petroleum Corporation (NNPC), announced an outlook for 2018 to increase crude oil reserve by […]

Energy

Power Distributors Owe NBET N159bn in Five Months

Power distribution companies in the country failed to remit a total of N158.98bn to the Nigerian Bulk Electricity Trading Plc for the invoices given to them for electricity sold to them in the first five months of the year. The government-owned NBET buys electricity in bulk from generation companies through […]

Stakeholders Commend FG’s New Power Sector Initiative
Energy

Stakeholders Commend FG’s New Power Sector Initiative

Stakeholders in the power sector have commended a new power sector initiative called Energizing Economies Initiative (EEI) by the federal government. The Energizing Economies Initiative (EEI) is a Federal Government initiative implemented by the Rural Electrification Agency (REA). The project aims to support the rapid deployment of off-grid electricity solutions to Micro, Small and Medium […]

Oil Prices Stable as US Sanctions Against Iran Nears
Energy

Oil Prices Stable as US Sanctions Against Iran Nears

Oil prices were stable on Monday, partly as a result of supply concerns ahead of the start of U.S. sanctions against Iran’s crude exports, but held back by rising drilling activity in the United States. Front-month Brent crude oil futures were trading at $79.74 a barrel, 4 cents below their last close at the […]